As of 8 May 2024, the Canadian Dollar to USD exchange rate stands at USD 1.37 for both buying and selling, according to the open market rate. This rate is subject to fluctuations due to global supply and demand dynamics.
For individuals or businesses involved in currency conversion, staying informed about exchange rates is crucial. The table below provides a snapshot of the current CAD to USD exchange rate, along with rates for other major currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.52 | 1.52 |
| British Pound (GBP) | 0.80 | 0.80 |
| Canadian Dollar (CAD) | 1.37 | 1.37 |
| Chinese Yuan (CNY) | 7.22 | 7.22 |
| Euro (EUR) | 0.93 | 0.93 |
| Japanese Yen (JPY) | 154.75 | 154.75 |
| New Zealand Dollar (NZD) | 1.67 | 1.67 |
| Swiss Franc (CHF) | 0.91 | 0.91 |
It's important to note that open market currency exchange rates may differ from those offered by banks. Banks often apply a higher exchange rate, impacting the overall cost of currency conversion. To access timely updates on inter-bank currency rates, individuals can refer to reputable currency rate portals.
